(Photo: Adobestock) Appellate Division Gives Trial Courts Power to Rescind LLC Dissolution Certificates
"For the reasons that follow, we agree the LLC statutes do not empower the Department to rescind such certificates administratively, in the absence of a court order directing such relief," Presiding Appellate Division Judge Jack M. Sabatino said in his written opinion for the court.
June 20, 2024 at 10:42 AM
4 minute read
In an issue of first impression Tuesday, the New Jersey Appellate Division held that the trial courts possess the power to rescind a certificate of dissolution and termination of a New Jersey limited liability company.
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